The Laffer curve assumes that spending stays a relative constant (or at least doesn't increase exponentially). Either we cut everything, and I mean everything from Social Security and Defense to the study of Brazilian banana slugs, or we find a way to fund the stupid games. No one really wants to cut anything. Look at the moaning on THIS BOARD over the “Massive cuts” to the DOD. Look at the moans over the small increase to SS payments. No one really wants to cut anything, they want their money!
Now, if we could do some major cuts, along the order of 10 to 20% across the board, then we can start talking about controlling spending. But we can't even cut anything. These “massive” cuts coming are just reductions in the budget increase.
And yes, I am playing a bit of the cats paw here. I don't want tax increases, but I have yet to see any real support for spending cuts on FR. So either we cut spending, and that means SS and defense also, or massively increase taxes, which will crater the economy.
We can't have both spending increases and tax cuts. Yet everyone wants “Their” money, but not have pay for someone else’s “money”.
You are knocking down the straw men you yourself erected.
I am on this site enough to know that there are very few freepers who "moan" about cuts to the DoD. A small handful, but that's it - - and I haven't seen a single complaint about "the small increase to SS payments". Most freepers (including me) are saying, "Bring on the sequestration cuts."
And by the way, the false dichotomy stuff doesn't work around here. It sounds as if you may have fallen for the horse manure propagated by the Democrat "mainstream" newsrooms and their pundits who would have you believe that Americans are confused schizophrenics who want lots of government "services" but "don't want to pay for them". It's a con job. A scam.
The people who demand lots of "services" and "free stuff" from government are generally not hard-working, traditional American families, and the hard-working, traditional American families who pay the taxes are generally not the same people who have their grubby paws out looking for "free" stuff. We are talking about two separate and distinct groups of people here.
One group is the Republican "base" and the other is the Democrat "base".
Every time MARGINAL rates are LOWERED revenue increases, and has NOTHING to do with spending. Look at Kennedy and Reagan for guidance here.